A community-based medical practice located in the heart of a major city, 35 miles east of Los Angeles, in a shopping center anchored by Von's - a major supermarket. The physician provides the following range of services:
- Family Medicine that includes Internal Medicine and Adolescent Medicine.
- Urgent Care. The ongoing shortage of primary care physicians has had a positive
effect on urgent care practices.
- Other services include immigration physicals, DOT and weight loss.
The doctor is credentialed with most HMO'S including Optiun, IEHP, Medical, United Health, Prospect, Scan, Alpha, etc.
Approximately 100 patients are served each week, with 40% HMO, 30% PPO, 20% Medicare, and 10% pay for service. The practice has pre-existing contracts with major insurance providers and healthcare networks that ensure a steady stream of patients and revenue. The practice has automated medical records, a patient base of 10,000, and an efficient outside medical billing service.
The 2,200-sf facility has 4 equipped exam rooms, a large waiting room, an integrated phone system, a private doctor's office, and a break room. The Urgent Care portion has room to expand by having the buyer lease the adjoining empty suite and open it seven days a week, vs. the current 8 am to 5 pm, five days, and no weekends. There is potential for an immediate revenue increase through expanding services and business hours and increasing marketing efforts. The facility has plenty of parking spaces.
The practice is staffed by the Doctor's RN spouse who supervises the two Medical Assistants, injection administration, IV infusion and blood drawing. Both Medical Assistants are expected to remain after the sale. One of them is bi-lingual Spanish.